Europe in crisis
Subtitle: problems, challenges, and alternative perspectives
By: edited by Aristidis Bitzenis, Nikolaos Karagiannis, John Marangos
Publisher: Palgrave Macmillan
Published: 2015
Place of publication: New York, NY
Language: eng
Number of pages: 298
ISBN-13: 9781137442567
Subjects: Financial crises; Economic policy; Fiscal policy; Eurozone; Social conditions; BUSINESS & ECONOMICS / Economic History; BUSINESS & ECONOMICS / Economics / Macroeconomics; BUSINESS & ECONOMICS / International / Economics
Description: "As the shock of the 2008 European financial crisis begins to subside, it is time for scholars to step back and analyze the crisis' causes and effects from a multidisciplinary vantage point. Europe in Crisis examines the current state of the European economy, society, and polity, both on the theoretical and political levels, by placing special emphasis on its current crisis. With important contributions from heterodox economists and radical social and political scientists, this innovative new edited collection seeks to evaluate past efforts and policies (mainly, since World War II), criticize the failed neoclassical/neoliberal perspectives, and offer alternative strategies and policies to Europe's socioeconomic impasse and misery"--

"The book is a collection of papers by international distinguished scholars with the theme of current financial crisis in Europe and its social consequences. The idea of the collection of papers was the result of the gap in the literature that we identified regarding the sources, analysis, and effects of the crisis in Europe. Following, we decided not to write a book on the crisis presenting one issue or one perspective. Instead, we invited the authors of the chapters of this book, so as to exploit their comparative advantage of each of author of each element of the crisis. Consequently, we hope we achieved a complete picture of the crisis, in particular, a complete picture from a heterodox viewpoint. The heterodox analysis of the crisis, while we argue is a more accurate analysis of the sources and effects of the crisis, its voice in the dominant world-wide free market ideology cannot easily be heard. This collection of articles is an avenue not only for a more accurate picture of the crisis in Europe but more importantly as a means for the heterodox voice to be heard. The book offers a heterodox analysis of the crisis using a variety of methodologies such as Institutional, Post Keynesian and Marxist. Most importantly, the book offers policies nearly in every aspect of the society to overcome the crisis towards building an equitable sustainable growth enhancing society"--
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note:; title: PART I: EU NEOLIBERALISM: POLITICAL ISSUES, CRITICISM, AND ALTERNATIVE PERSPECTIVES.1. Limits of Policy Intervention in a World of Neoliberal Mechanism Designs: Paradoxes of the Global Crisis; Gary A. Dymski2. A Post Keynesian Critique of Schwabian Housewife Logic; John King3. Euroland in Crisis as the Global Meltdown Picks up Speed; Dimitri B. Papadimitriou, L. Randall Wray4. Addressing the Rationality of 'Irrational' European Responses to the Crisis: A Political Economy of the Euro Area and the Need for a Progressive Alternative; Dimitris P. Sotiropoulos, John G. Milios, Spyros Lapatsioras5. The Developmental State Alternative for the EU; Nikolaos Karagiannis and Zagros Madjd-SadjadiPART II: ECONOMIC POLICIES FOR SUSTAINABLE GROWTH AND PROSPERITY IN THE EU6. The Eurozone Needs a Complete Make-over of Its Fiscal Policies; Philip Arestis, Malcolm C. Sawyer7. The Crisis of Finance-Dominated Capitalism in the Euro Area, Deficiencies in the Economic Policy Architecture, and Deflationary Stagnation Policies; Eckhard Hein8. The Euro-area Crisis: Structural Origins and Possible Exit Strategies; Sergio Rossi9. EU Regional and Industrial Policies, Disparities, and Alternative Developmental State Strategies; Joanna Bens, Nikolaos Karagiannis, Abdelaziz Testas10. Complementary Currencies, Communities, Cooperation: The Local Job Guarantee in the Eurozone; Mathew ForstaterPART III: THE EU NORTH-SOUTH DIVIDE AND COUNTRY-STUDIES11. Globalisation and Capital Mobility: The Impact on the European Union; Alexander G. Kondeas12. The Crisis of the Core Seen Through the Eyes of the Periphery: A Schelling Model of the Global-South Megacity and the European Crisis; Gary A. Dymski13. Dead Economic Dogmas Trump Recovery: The Continuing Crisis in the Eurozone Periphery; C. J. Polychroniou14. The Economic Crisis in Spain: Mistakes in the Management of the Economic Policy; Jesus Ferreiro and Carmen Gomez15. The Battle against the Shadow Economy as an Exit from the Greek Sovereign Debt Crisis; Aristidis P. Bitzenis and Vasileios A. Vlachos.